what is payment terminal
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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🛠️ How It Works
– The customer swipes, inserts, or taps their card (or phone for contactless payments).
– The terminal captures the card data and sends it securely to the payment processor or bank.
– Once the transaction is authorized, the payment is completed and funds are transferred to the merchant’s account.
đź’ˇ Key Features
– Card Compatibility: Supports magnetic stripe, chip (EMV), and contactless (NFC) cards.
– Security: Uses encryption and tokenization to protect sensitive data.
– Connectivity: Works via Wi-Fi, cellular networks, or Ethernet.
– Integration: Often linked with billing software or inventory systems.